Under the Revised Act, if the charter simply states that the corporation elects to have preemptive rights, the shareholders have no preemptive rights with respect to:

a. shares issued as compensation to directors, officers, and employees.
b. shares issued within six months of incorporation.
c. the corporation's unissued shares.
d. Shares issued as compensation to directors, officers, and also employees and shares issued within six months of incorporation.


d

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